Who Benefits From Paul Ryan's Tax Cuts?

Via Ezra Klein, here are handful of charts from the Center on Budget and Policy Priorities that perfectly captures how Paul Ryan's budget would essentially wipe out all government services for those in need in order to fund a massive redistribution of wealth back up to those at the top of the income scale.

chart 1

chart 2

Ryan's budget goes beyond the GOP regressive standard of turning all of the Bush tax cuts permanent and includes a number of other tax reductions that would benefit the wealthy. According to the Tax Policy Center that adds up to an extra $265,000 average windfall in fewer taxes that people earning over $1 million wouldn't have to pay each year. The total distribution of those tax cuts would tilt sharply toward the country's highest income bracket.

chart 3

It'd be one thing if this plan just represented the views of a lone congressman from Wisconsin, but the Ryan plan has become accepted dogma in the GOP. Only 10 House members broke ranks to vote against it last week, and the plan has a seal of approval from probable Republican nominee Mitt Romney.

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